Luxury China 2013 kicks off in Beijing on June 22, 2013. The 3-day exhibition kicked off on Saturday, with over 300 exhibitors participated.
The Chinese mainland's import of Swiss high-end watches may decrease.
Sales of domestic upmarket properties seem immune to the tightening policies.
Chinese shoppers are so hungry for luxury items that they have started snapping up Gucci wallets and made-to-order shirts while grocery shopping.
High-end demand has tapered off this year due to recent government measures aimed at checking extravagant spending and reining in corruption.
The growing importance of the Chinese market is prompting international luxury brands to incorporate Chinese elements into their designs.
Champagne - a unique sparkling wine associated with luxury and power - has yet to receive widespread recognition and acceptance by the Chinese.
In the next five years, Italian luxury company Trussardi Group plans to open 15 stores in China that will be completely managed by the company itself.
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